JULY 2021 - EMERGE ARK ETFs - Emerge Canada Inc.

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JULY 2021
& QUARTER-END
REPORT

  EMERGE ARK ETFs

     26 Wellington Street East, Suite 901, Toronto, ON M5E 1S2
    marketing@emergecm.ca | 1.833.363.7432 | emergecm.ca
Emerge ARK ETF
Market Commentary:
In the last year we have seen the global economy rebound from one of the shortest
                           ,

and worst recessions on record significantly affecting the growth sector Fortunately
                                                                     ,                                                                            .                   ,

we have witnessed an incredible recovery due to multiple unprecedented conditions                                                                                         ,

including the highest consumer savings rate in history and the largest fiscal stimulus
package in the U S paired with monetary easing These conditions have righted the
                               .       .,                                                                     .

economy with GDP back on its pre COVID path                              -                                .

The question the market faces now is whether or not the growth and recovery are
sustainable Due to the fact consumers have money to spend corporate capital
                       .                                 ,                                                                            ,

spending and inflation fears are beginning to dwindle The average household income
                   ,                                                                                                      .

has been bolstered by stimulus packages and unemployment benefits have created
more money in the pockets of consumers This aligning with the reopening of the        .

economy allows for the surge in consumer spending As we move into the post                                        .                                       -

pandemic recovery corporations will begin investing again According to Morgan                                                 .

Stanley economists the global investment could reach 115 and 121 of pre recession
                                        ,                                                                                     %               %       -

levels by the end of 2021 and 2022 1 Finally it is becoming evident the inflation fears
           ,                                                                 (   ).               ,

of May were overblown There are many factors that go into the calculation of inflation
                                                     .

and most of the categories such as used cars airplane tickets and hotel rooms have                ,                                   ,

been subject to temporary supply constraints Prices fell sharply last year in the spring              .

at the onset of the pandemic which made inflation figures compared to a year ago
                                                             ,

appear much larger 2 The microenvironment certainly does not resemble the 2008
                                            (       ).

post recession but rather displays trends in which economic growth is sustainable
       -                   ,                                                                                                                                      .

This month we have been happy to see the Emerge ARK ETF s performance coming                                                      ’

back up with all ETFs rebounding approximately 20 since our lowest on May 13 In the                               %                                           .

Emerge ARK Global Disruptive Innovation ETF for example since our low point in May                                            ,                                               ,

we have seen a 31 increase in performance Some new holdings added into our ETFs
                                   %                                                          .

are Etsy Benz Mining Splunk Alphabet Inc Kanzhun Quantum Si JD Logistics and
   ;           ,                                ,                ,                        ,                           ,                   ,               ,

Verv Therapeutics                  .

                       marketing@emergecm.ca | 1.833.363.7432 | emergecm.ca                                                                                                       2
Throughout moments of volatility the Emerge ARK ETFs stay true to their investment and
                                            ,

research philosophy In fact Cathie Wood says that during times like the ones we
                    .                   ,

experienced in May is when the Emerge ARK ETFs are strongest because ARK as our sub                                              -

advisor scrutinizes their own strategy and does a deep dive to ensure everything is checking
out At the end of every day we have asset quality Deeply researched and understood
   .                                    ,                         .

holdings with strong long term potential
                                    -               .

The Covid and the post covid scramble is continuing to encourage innovation platforms to
                            -

flourish and to open up for even more innovation We saw in all of the ETFs the positive
                                                              .

performance when the crisis occurred because innovation solves problems in our world                                         .

Wood said turmoil creates demand for innovation The turmoil also creates a willingness to
           ,”                                                         .

take risks and open up people to change the way we live                             .”

More recently in our ETFs we trimmed back several Chinese holdings reflecting caution as
                                ,

China tightened its grip on their leading technology companies with actions such as
suspending new users on Tencent s WeChat They also ordered Tencent Music s stock to
                                                ’       . “                                              '

give up its exclusive music streaming rights from the world s top record labels The
                                    -                                                    '           .

Cyberspace Administration also recently issued new warnings against more than 100 apps
regarding their collection and usage of personal data 17 Cathie Wood has said she will
                                                                              .”(   )

keep an open mind to China as they monitor developments though in the short term the         ,                -

government s actions appear to hamper innovation Because of the social re engineering
                ’                                                         .                      -

taking place in China the valuations are damaged and not likely to change soon
                        ,                                                                                     .

Emerge Canada is excited to see evidence of the overall market economy returning and
evidence of innovation stocks proving their thesis The ride may not be smooth but we are
                                                              .                                          ,

anticipating an innovation friendly future as the bull market broadens and innovation
                                    -

companies support deflation and help solve critical problems around the world 3 18                           . (   ) (   )

Lisa Lake Langley
CEO President
       &

Emerge Canada Inc   .

            marketing@emergecm.ca | 1.833.363.7432 | emergecm.ca                                                                     3
Emerge ARK Disruptive Innovation ETF
 EARK July 2021 Summary
 Ticker: EARK | EARK.U

      Additions:TRMB, COIN, TSP, SKLZ, PATH, HOOD
      Exits: ONVO, PYPL, PCAR, BIDU, REGN, TREE, SNPS, SYRS, HUYA, ICE, NVS,
      PSTG, TCEHY, BEKE
      Performance Update:
            July 30th, 2021 = -5.7% YTD

 EARK, Emerge ARK Global Disruptive Innovation ETF, is Emerge’s flagship ETF.
 One of EARK’s top 10 holdings and contributors to the strategy, ROKU,
 continues to be a success story. As mentioned in the last commentary, ROKU
 was falling in line with the original content other streaming services have
 been releasing by announcing ROKU originals. The TV streaming platform
 popular for their smart TVs saw terrific success with adding 30 original series
 to the ROKU channel. They are looking to continue to grow with thousands in
 additional free movies and channels.

 TWLO, another top 10 holdings, released an exciting new venture at the top of
 June. In a press release, they stated that TWLO launched a new product,
 Journeys. Journey’s is a new Customer Data Platform (CDP) that will help to
 customize and “easily build sophisticated customer journeys”, essentially
 giving the customer the best experience when using or interacting with a
 brand/product*. This move into Journeys will help move TWLO forward in
 becoming a leading customer experience system (4).

Additions and exits are from time period April 1 2021 through to July 30 2021. These are subject to change without notice.

            marketing@emergecm.ca | 1.833.363.7432 | emergecm.ca                                                             4
EARK | EARK.U

TOP 10 HOLDINGS                     PORTFOLIO CHANGES
as of July 30, 2021                 between April 1 - July 30th
 TOP 10 HOLDINGS        %             ADDITIONS           EXITS

TESLA INC              10.8              TRMB             ONVO
                                                            10.3

TELADOC HEALTH INC     5.8               COIN             PYPL

ROKU INC               5.7                TSP             PCAR

ZOOM VIDEO COMM.       4.8               SKLZ                 BIDU

SQUARE INC             4.8               PATH                 REGN

SHOPIFY INC            4.5               HOOD                 TREE

COINBASE GLOBAL INC    4.5                                    SNPS

UNITY SOFTWARE INC     4.0                                    SYRS

TWILIO INC             3.8                                HUYA

SPOTIFY TECHNOLOGY     3.5                                    ICE

                                                              NVS

                                                          PSTG

                                                          TCEHY

                                                          BEKE

       marketing@emergecm.ca | 1.833.363.7432 | emergecm.ca          5
EARK | EARK.U

            TOP 5 PORTFOLIO CHANGES
                      as of July 30, 2021

  STOCK
   NOTABLE BUYS          %          NOTABLE SELLS           %

  COIN                  0.55      ROKU                     -0.70

  HOOD                  0.55      TCEHY                    -0.60

  PATH                  0.40      PSTG                     -0.40

  EXAS                  0.35      NVS                      -0.30

  FATE                  0.35      TSG                      -0.30

    marketing@emergecm.ca | 1.833.363.7432 | emergecm.ca           6
Emerge ARK Genomics & Biotech ETF
  EAGB July 2021 Summary
  Ticker: EAGB | EAGB.U

       Additions: RXRX PATH ZY CMIIU DRNA DYNS QSI VERV   ,                 ,       ,   ,               ,                 ,           ,

       Exits: PHR TMO SYRS GH ABBV   ,                ,                 ,       ,

       Performance Update:
                   July 30 2021      ,                    = -   11 6 YTD
                                                                    .   %

  EAGB Emerge ARK Genomics and Biotech ETF ended the quarter on an
               ,                                                                                                 ,

  exciting note with Intellia Therapeutics NTLA after they found a potential                    (           ),

  cure to a liver disorder For patients with these severe diseases these data
                                                              . “                                                                                      ,

  represent a momentous milestone for medicine said Intellia CEO John                                                ,”

  Leonard 5             (   ).

  The second top contributor to the EAGB fund is Pacific Biosciences of
  California PACB In very recent news PacBio will begin working with Rady
                            (                ).

  Children s Institute for Genomic Medicine to begin research on sequencing
                    ’

  the whole genome They are hoping to catch understand and cure rare
                                                  .                                                     ,                                  ,

  diseases This is expected to significantly grow PacBio s gene sequencing
                    .                                                                                                         ’                    -

  business 6            (       ).

  In this strategy we added two new holdings QSI and VERV
                                         ,                                                          ,                                          .

  QSI Quantum Si is a next generation protein sequencing platform QSI is
       ,                             -       ,                          -                                                                                  .

  making protein sequencing more accessible on a larger scale which plays into                                                                     ,

  ARK s investment philosophy to a tee VERV joins with news of a new CFO who
           ’                                                                            .

  is looking to take their expertise in high growth pharmaceutical and                          -

  biotechnology companies to grow Verv s gene editing 7                                     ’                                     (   ).

Additions and exits are from time period April 1 2021 through to July 30 2021. These are subject to change without notice.

                   marketing@emergecm.ca | 1.833.363.7432 | emergecm.ca                                                                                        7
EAGB | EAGB.U

TOP 10 HOLDINGS                    PORTFOLIO CHANGES
as of July 30, 2021                between April 1st - July 30th

 TOP 10 HOLDINGS        %            ADDITIONS          EXITS

 TELADOC HEALTH INC     6.9               RXRX              PHR

                                          PATH              TMO
PACIFIC BIOSCIENCES     5.3
                                            ZY              SYRS
EXACT SCIENCES CORP     5.1
                                          CMIIU             GH
REGENERON
                        4.6
PHARMACEUTICALS INC                       DRNA              ABBV
VERTEX
                        4.2
PHARMACEUTICALS INC                       DYNS

FATE THERAPEUTICS       4.2                QSI
IONIS
                        3.9                VERV
PHARMACEUTICALS INC

CAREDX INC              3.6
 TWIST BIOSCIENCE
                        3.6
 CORP
VIVA SYSTEMS INC        3.1

              TOP 5 PORTFOLIO CHANGES
                        as of July 30, 2021

    STOCK
     NOTABLE BUYS             %      NOTABLE SELLS           %

    QSI                     0.63    PSTG                    -0.58

    PATH                    0.35    NVS                     -0.40

    PACB                  0.20      TXG                     -0.25

    TDOC                    0.20    RHHBY                   -0.20

    EXAS                  0.20      BMY                     -0.20

     marketing@emergecm.ca | 1.833.363.7432 | emergecm.ca           8
Emerge ARK Autonomous Tech & Robotics ETF
  EAUT July 2021 Summary
  Ticker: EAUT | EAUT.U

       Additions: TSP PATH GLEO VUZI BZ         ,                   ,           ,       ,

       Exits: SPCE WKHS ADSK GLEO RAVN ,                        ,           ,       ,

       Performance Update:
              July 30 2021 4 4 YTD
                               ,                    =           .   %

  Tesla TSLA continues to be not only a top holding in EAUT but a top
          (            )

  contributor to the recent performance TSLA itself has seen a positive recovery            .

  since May 19 at 563 share to June 30th where we saw 679 A roughly 17
                           ,               $            /                                                            $   .               %

  increase TSLA is planning to release the much anticipated Full Self Driving
               .                                                                                                                 -

  Beta V9 FSD v9 soon this update has already been implemented in a few
               (                           )                ;

  early access members This update will remove the need for radar and turn to
                                                            .

  the vision system Tesla plans to incorporate a radar less camera only move                        ,           -                            .

  This is not yet fully autonomous driving but it s getting consumers closer to                         ’

  the real thing 8                 (       ).

  A new addition to the EAUT strategy is Kanzhun BZ Kanzhun operates an                                     (   ).

  online recruitment platform BOSS Zhipin ARK is optimistic about the   ,                       .

  company s positioning with large Chinese conglomerates and its potential to
                   ’

  become the primary recruiting platform for large Chinese enterprises While                                                         .

  the CCP recently halted new user registration on the platform ARK believes                                                 ,

  this disruption to be temporary to ensure that its data is properly geofenced                                                                  .

Additions and exits are from time period April 1 2021 through to July 30 2021. These are subject to change without notice.

              marketing@emergecm.ca | 1.833.363.7432 | emergecm.ca                                                                                   9
EAUT | EAUT.U

TOP 10 HOLDINGS                       PORTFOLIO CHANGES
as of July 30, 2021                   between April 1st - July 30th
 TOP 10 HOLDINGS           %               ADDITIONS           EXITS

 TESLA INC                11.6               TSP               SPCE

 TRIMBLE INC               6.9               PATH              WKHS

 KRATOS DEFENSE                              GLEO              ADSK
 & SECURITY
                          6.9
                                             VUZI              GLEO
 JD.COM                    6.1
                                             BZ                RAVN
 ALPHABET INC              5.0
 IRIDIUM
                           4.5
 COMMUNICATIONS
 UNITY SOFTWARE INC        3.8

 UIPATH, INC              3.7

 BAIDU INC                 3.3

 LOCKHEED MARTIN          2.8

                TOP 5 PORTFOLIO CHANGES
                           as of July 30, 2021

    STOCK
     NOTABLE BUYS                %      NOTABLE SELLS            %

    TSP                        1.00   RAVN                      -1.35

    PATH                     0.80     JD                       -0.50

    U                        0.30     BIDU                     -0.50

    MGA                        0.25   ISRG                     -0.40

    BLDE                       0.25   BYDDY                    -0.20

        marketing@emergecm.ca | 1.833.363.7432 | emergecm.ca            10
Emerge ARK AI & Big Data ETF
  EAAI July 2021 Summary
  Ticker: EAAI | EAAI.U

       Additions: COIN PATH DIS VUZI ETSY BZ SPLK FTCH CND KVSB HOOD
                                       ,                     ,          ,           ,               ,       ,       ,           ,           ,           ,

       Exits: SNPS API NVDA SI FSLY CRWD BIDU PINS TREE HUBS ICE PSTG
                           ,                             ,        ,             ,               ,               ,       ,           ,           ,           ,           ,

       HUYA OPEN BEKE BZ NTDOY JD PDD TCEHY
               ,               ,             ,           ,                      ,       ,               ,

       Key Point: Transformers comprise the fourth pillar of Deep Learning                                                                                  .

       Performance Update:
             July 30 2021
                       ,               = -   2 3 YTD
                                                 .   %

  EAAI Emerge ARK AI Big Data ETF had the most additions and exits
         ,                                 &                                        ,

  amongst our 6 strategies This month FTCH CND KVSB and HOOD were
                                                     .                                              ,           ,

  added into the next generation internet strategy                                                              .

  One of the most highly anticipated public offerings of the year Robinhood an                                                          ,                           ,

  American trading platform made its debut in the market on July 29th 2021 at
                                                             ,

  $ 38 USD per share Less than a week later the price of each share hit 85 USD
                                   .                                                        ,                                                       $

  and the platform announced that they will be buying Say Technologies an                                                                               ,

  online shareholder communications platform geared towards individual
  investors Robinhood announced this acquisition in their blog by stating one
               .                                                                                                                                                "

  of our core values is Participation is Power We think there s room for everyone               .                           ’

  in the financial markets and we re always working to help first time investors
                                                                            ’                                                           -

  become long term investors 9 Subsequently HOOD was added to multiple
                       -                                         ." (       )                               ,

  strategies including EAAI as a promising growth stock
                   ,                                                                                                    .

Additions and exits are from time period April 1 2021 through to July 30 2021. These are subject to change without notice.

             marketing@emergecm.ca | 1.833.363.7432 | emergecm.ca                                                                                                           11
EAAI | EAAI.U

TOP 10 HOLDINGS                     PORTFOLIO CHANGES
as of July 30, 2021                 between April 1st - July 30th
  TOP 10 HOLDINGS         %            ADDITIONS          EXITS

 TESLA INC               11.0             COIN             SNPS

 TWITTER INC.            5.9             PATH              API
                                          DIS             NVDA
 SHOPIFY INC             5.1
                                         VUZI                  SI
 TELADOC HEALTH INC      5.1
 COINBASE                                 ETSY             FSLY
                         4.6
 GLOBAL INC
                         4.6               BZ             CRWD
 SQUARE INC
                                         SPLK              BIDU
 UNITY SOFTWARE INC      4.2
                                         FTCH              PINS
 TWILIO INC               4.1
                                          CND              TREE
 ROKU INC                3.7
                                         KVSB             HUBS
 ZOOM VIDEO COMM.        3.7
                                         HOOD              ICE

                                                           PSTG

                                                           HUYA

                                                          OPEN

                                                          BEKE

                                                               BZ

                                                          NTDOY

                                                           JD
                                                          PDD

                                                          TCEHY

        marketing@emergecm.ca | 1.833.363.7432 | emergecm.ca        12
EAAI | EAAI.U

              TOP 5 PORTFOLIO CHANGES
                         as of July 30, 2021

  STOCK
   NOTABLE BUYS            %          NOTABLE SELLS         %

  TDOC                    0.80      JD                     -1.86

  KVSB                    0.78      PDD                    -1.04

  FTCH                    0.75      TCEHY                  -0.79

  DIS                     0.60      BEKE                   -0.68

  HOOD                    0.55       ROKU                  -0.50

         marketing@emergecm.ca | 1.833.363.7432 | emergecm.ca      13
Emerge ARK Fintech Innovation ETF
  EAFT July 2021 Summary
  Ticker: EAFT | EAFT.U

       Additions:COIN PATH STNE GOOG BZ FTCH HOOD
                                              ,                        ,               ,       ,           ,       ,

       Exits: NVDA MKTX TREE AAPL BEKE SCHW
                                  ,                        ,                       ,       ,           ,

       Performance:
            July 30 2021 0 1 YTD
                              ,               =            .   %

  Square Inc NYSE SQ the top holding in EAFT currently 10 9 of the
                    . (                   :               ),                                                   (                   .    %

  portfolio recently announced that they will be expanding their services
                )

  to now include a low cost business payment software Weebly to
                                                      -                                                                    ,            ,

  enhance e commerce capabilities and introduce fund transfer services
                    -                                                                                                                               .

  This integration will allow new businesses and entrepreneurs to build
  and develop their own online stores with cohesive solutions to handle
  their transactions Square s revenue outperformed by 51 and hit
                                          .                        ’                                                           %

  quarterly sales of 5 1B USD according to their Q2 report 10 With this
                                          $   .                            ,                                                   (   ).

  omnichannel model Square aims to increase market share by allowing
                                                  ,

  businesses to manage their finances within Square s ecosystem                                                        ’                    .

  Another top 10 holding and a more recent addition is Coinbase                                                                             .

  Coinbase allows fintech fans exposure to some crypto ARK believes                                                        .

  bitcoin could be one of the biggest disruptors of our lives and crypto                                                       ,

  exchanges will be a direct beneficiary from facilitating transactions                                                                         .

  Founded in 2012 Coinbase has attracted 56 million users to crypto and
                                      ,                                                                    +                                    ,

  ARK believes it has become one of the most trusted onramps into
  crypto assets Coinbase provides efficient derivative exposure to the
                          .                                                                        ,

  crypto asset opportunity and ARK believes it can scale proportionally to
                                                               ,

  the crypto asset market cap
                    -                                                          .

Additions and exits are from time period April 1 2021 through to July 30 2021. These are subject to change without notice.

                                                                                                                                                        14
                marketing@emergecm.ca | 1.833.363.7432 | emergecm.ca
EAFT | EAFT.U

TOP 10 HOLDINGS                        PORTFOLIO CHANGES
as of July 30, 2021                    between April 1st - July 30th
 TOP 10 HOLDINGS          %                 ADDITIONS       EXITS

SQUARE INC               10.9                  COIN         NVDA
                                                              10.3

SHOPIFY INC               6.8                 PATH          MKTX

ZILLOW GROUP INC          5.0                 STNE          TREE

PAYPAL HOLDINGS INC       4.7                 GOOG          AAPL

SEA LIMITED               4.5                  BZ           BEKE

COINBASE GLOBAL INC.      4.4                 FTCH          SCHW

MERCADOLIBRE INC.         4.1                 HOOD

AYDEN NV                  3.7

TWILIO INC                3.7

OPENDOOR TECH. INC.       3.0

                TOP 5 PORTFOLIO CHANGES
                          as of July 30, 2021

    STOCK
     NOTABLE BUYS                %       NOTABLE SELLS           %

   TDOC                         1.30   JD                    -1.00

   PATH                         1.22   TCEHY                 -1.00

    Z                           0.73   3690                  -1.00

   OPEN                         0.73   BEKE                  -0.95

   COIN                         0.73   PDD                   -0.70

          marketing@emergecm.ca | 1.833.363.7432 | emergecm.ca         15
Emerge ARK Space Exploration ETF
  EAXP July 2021 Summary
  Emerge ARK Space Exploration ETF
  Ticker: EAXP | EAXP.U

       Additions: SPFR DDD U BLDE 2618 MKFG ,           ,       ,               ,   ,

       Exits: TSM XLNX SPCE WKHS ADSK DDD JD TCEHY
                            ,               ,               ,               ,           ,             ,                ,

  JD is a new addition to the strategy JD builds aerial drones and in that space
                                                                        .                                                                      ,

  parcel delivery that will branch out to food medicine and then potentially
                        ,                                                           ,                                  ,

  people JD is one of the leaders in China in this space This space sits in
            .                                                                                                      .

  between robotics and energy storage as it will be a lower cost option to                                                 -

  deliver packages The use of aerial drones helps more rural areas access
                                    .

  consumer goods and opens the marketplace                                                  .

  Trimble is one of the top contributors to the EAXP strategy Trimble is involved                                              .

  in taking data of infrastructure and converting it into usable information to
  help change the world and Trimble has recently partnered with Worldsensing
                                                ,                                                                                                  .

  These two companies combined should be able to increase their geotechnical
  abilities     .

  Markforged Holding Corp the creator of the integrated metal and carbon fibre
                                                    ,

  additive manufacturing platform The Digital Forge was added to the strategy
                                                                    ,

  as well It was officially listed on the NYSE on July 15th after a merger with
            .

  SPAC company one previously known as AONE 11 In 2021 Markforged has
                            ,           (                                                       ) (       ).                       ,

  produced innovative technologies that include its newest printer the FX20                                                            ,   ,

  the release of the Metal X Gen 2 and X7 Field Edition the Next Day Metal                                     ,

  software update which unlocked increased speed and capacity across its
                                ,

  global fleet and several more                             .

Additions and exits are from time period April 1 2021 through to July 30 2021. These are subject to change without notice.

                    marketing@emergecm.ca | 1.833.363.7432 | emergecm.ca                                                                               16
EAXP | EAXP.U

TOP 10 HOLDINGS                         PORTFOLIO CHANGES
as of July 30, 2021                     between April 1 - July 30
 TOP 10 HOLDINGS           %                 ADDITIONS       EXITS

 TRIMBLE INC               10.3                SPFR           TSM
                                                                10.3
 KRATOS DEFENSE &                              DDD           XLNX
                           6.4
 SECURITY
                                                U            SPCE
 IRIDIUM COMM.             6.4
                                               BLDE         WKHS
 L3HARRIS TECH.            5.7
 LOCKHEED                                      2618          ADSK
                           4.5
 MARTIN CORP.
                                               MKFG          DDD
 THALES SA                 4.2
                                                               JD
 UNITY SOFTWARE INC.       4.0
                                                            TCEHY
 KOMATSU LTD               3.7

 ALPHABET INC.             3.2

 DESSAULT SYSTEMES         3.0

                  TOP 5 PORTFOLIO CHANGES
                           as of July 30, 2021

    STOCK
     NOTABLE BUYS                 %      NOTABLE SELLS            %

    2618                         2.21   JD                    -2.21

    U                          1.80     2618                  -2.00

   AVAV                          1.39   TCEHY                 -0.79

   PATH                        0.90     BABA                  -0.65

   MKFG                        0.50     RAVN                  -0.50

           marketing@emergecm.ca | 1.833.363.7432 | emergecm.ca        17
Performance
as of July 30, 2021

  Ticker                                       Since
                1 YR            YTD
  (CAD)                                      Inception*

  EARK         38.6%            -5.7%            48.1%

  EAGB         42.2%           -11.6%            49.1%

  EAAI         36.3%            -2.3%            46.6%

  EAUT         42.3%            4.4%             55.0%

  EAFT         31.4%            0.1%             42.1%

Performance as of July 30, 2021
*Since inception Annualized July 29, 2019

     marketing@emergecm.ca | 1.833.363.7432 | emergecm.ca   18
In July ARK added the following companies to the
         ,

Emerge ARK ETF Portfolios                          .

FTCH - FARFETCH LIMITED

Farfetch Limited    provides an online marketplace for luxury fashion goods in
the United States the United Kingdom and internationally It operates
                       ,                               ,                                   .

through three segments Digital Platform Brand Platform and In Store It
                                   :                       ,                           ,       -   ).

also offers web design build development and retail distribution solutions
                           ,               ,                   ,

for retailers and brands 12        (   )

 CND - CONCORD ACQUISTION CORP

Concord Acquistion Corp   is a newly incorporated blank check company
incorporated as a Delaware corporation for the purpose of effecting a merger                                ,

stock exchange asset acquisition stock purchase reorganization or similar
                   ,                           ,                         ,

business combination with one or more businesses 13                          . (   )

KVSB - KHOSLA VENTURES ACQUSITION CO.

Khosla Ventures Acquisition Co    II operates as a blank check company The firm
                                               .                                                   .

was formed for the purpose of effecting a merger capital stock exchange asset
                                                                         ,                              ,

acquisition stock purchase reorganization or similar business combination with
             ,                         ,

one or more businesses The company was founded by Vinod Khosla on January
                               .

29 2021 and is headquartered in Menlo Park CA 14
  ,                                                                ,   . (    )

                 marketing@emergecm.ca | 1.833.363.7432 | emergecm.ca                                           19
HOOD - ROBINHOOD MARKETS INC.

Robinhood Markets, Inc     operates financial services platform in the United
                                                  .

States Its platform allows users to invest in stocks exchange traded funds
      .                                                                                       ,                   -

(ETFs options gold and cryptocurrencies The company also offers various
     ),               ,           ,                                   .

learning and education solutions comprise Snacks a digest of business news                        ,

stories Learn which is a collection of approximately 650 articles including
          ;       ,                                                                                                           ,

guides feature tutorials and financial dictionary Newsfeeds that offer access
          ,                                   ,                                       ;

to free premium news from various sites such as Barron s Reuters and The
                                                                  ,                                       '   ,                   ,

Wall Street Journal and lists which allow users to create custom watchlists
                              ;                           ,

to monitor securities ETFs and cryptocurrencies as well as cash
                                      ,               ,                               ,

management services Robinhood Markets Inc was incorporated in 2013 and
                                          .                               ,       .

is headquartered in Menlo Park California 15                  ,       . (     )

MKFG - MARKFORGED HOLDING CORP.

Markforged Holding Corporation        designs develops and manufactures   ,                           ,

industrial 3D printers The company offers end to end metal and carbon fiber
                                      .                                       -           -

3D printers 3D printer for continuous fiberglass reinforced parts refined FFF 3D
              ;                                                                                                           ;

printer for micro carbon fiber filled nylon parts fiber composite 3D printer and  ;                                                   ;

FFF desktop 3D printer for micro carbon fiber filled nylon parts It also offers 3D                                    .

printing software The company was incorporated in 2013 and is based in
                          .

Watertown Massachusetts with European headquarters in Dublin Ireland 16
              ,                                                                                                                   ,   . (   )

              marketing@emergecm.ca | 1.833.363.7432 | emergecm.ca                                                                              20
SOURCES:
  1 2021 Midyear Economic Outlook The Red Hot Capex Cycle Morgan Stanley Morgan Stanley 9 June 2021
  .“                                                                                                                                                           :                                           -                                                            .”                                                                       ,                                                                    ,                                             ,

    www morganstanley com ideas global economy midyear outlook 2021
               .                                                                               .                           /                               /                            -                                          -                            -                               -                    .

 2 Rugaber Christopher Fed s Powell Says High Inflation Temporary Will Wane AP NEWS Associated Press 22
  .                        ,                                                                       . “                             '                                                                                                                                                            ,                        '                           '.”                                         ,                                                                      ,

    June 2021 apnews com article inflation health coronavirus pandemic business
                                       ,                                               .                           /                                /                                          -                           -                                            -                                        -                                         -

    6e7c813472a3eb706e0cdafe305c1477                                                                                                                                               .

  3 Quotes and information from Emerge ARK ETF Webinar June 22 2021
  .                                                                                                                                                                                                                                                         .                               ,                    .

 4 Twilio Segment 2021 June 9 Twilio Segment Unveils Journeys, the First Customer Journey Builder for the
  .                                                                    . (                             ,                                       ).

    New, Digital Era. Press Release Retrieved from                                 [                                                                       ]                                                                       :

    https www businesswire com news home 20210609005240 en Twilio Segment Unveils Journeys the First
               ://                                 .                                                                       .                       /                           /                           /                                                                    /       /                            -                                         -                            -                                         -            -                        -

    Customer Journey Builder for the New Digital Era
                                   -                                                   -                                       -                   -                   -                       -                           -

  5 Alpert Bill Intellia Stock Is Rocketing Because of a Gene-Editing Breakthrough Barrons 28 June 2021
  .                ,                       .                                                                                                                                                                                                                                                                                                                   ,                                 ,                                                     ,

    www barrons com articles intellia stock rocketing gene editing breakthrough 51624891071
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 6 Pacific Biosciences PACB RCIGM Tie Up for Sequencing Research Yahoo! Finance Yahoo 29 June 2021
  .“                                                                                           (                               )-                                                                                                                                                                       .”                                                                      ,                                !,                                                     ,

    finance yahoo com news pacific biosciences pacb rcigm tie 151203272 html
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  7 Verv Therapeutics Verve Therapeutics Appoints Leading Biotechnology Executive Michael MacLean to Its Board
  .                                                                                . “

    of Directors Verve Therapeutics 1 June 2021 www vervetx com press releases verve therapeutics appoints
                                               .”                                                                                                              ,                                                       ,                       .                    .                   /                        -                                    /                         -                                                     -                                     -

    leading biotechnology executive michael maclean to its board of directors
                       -                                                                                       -                                               -                                       -                                       -       -        -                       -           -                                        /.

 8 Lambert Fred and Fred Lambert FredericLambert Fred is the Editor in Chief and Main Writer at Electrek You
  .                        ,                                   ,                                                                                                   @                                                                                                                                                                                                                                                                                                .

    can send tips on Twitter DMs open or via email fred 9to5mac comThrough Zalkon com Elon Musk Admits                 (                                                   )                                                       :                   @                                .                                                                                       .                    . “

    Self Driving Is Harder than He Thought as Tesla Owners Troll Him over Missed Deadlines Electrek 5 July
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    2021 electrek co 2021 07 05 elon musk admits self driving harder than he thought tesla troll missed
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    deadlines                      /

 9 Chennapragrada Aparna Say Technolgoies is Joining Robinhood Robinhood 10 August 2021
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    https blog robinhood com news 2021 8 10 say technologies is joining robinhood
               ://                             .                                                           .                           /                           /                       /       /           /               -                                             -      -                                -

10 Damchevski Goran Square Inc is continuing to grow and expand their business model Simply Wall St June
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    23 2021 https simplywall st stocks us software nyse sq square news square inc is continuing to grow and
                       ,                                   ://                                                                 .           /                               /           /                                       /                   -       /                        /                        /                               -                 -        -                                                 -       -                    -                    -

    expand their business m
                       -                               -                                                   -

 11 Business Wire Markforged Announces Listing on New York Stock Exchange Under Ticker Symbol MKFG 14
  .                                                        . "                                                                                                                                                                                                                                                                                                                                                                        “                        ”.

    July 2021 https www businesswire com news home 20210714005920 en Markforged Announces Listing on
                               ,                                       ://                                 .                                                               .                       /                       /                       /                                                             /               /                                                  -                                                 -                        -                -

    New York Stock Exchange Under Ticker Symbol E2 80 9CMKFG E2 80 9D
           -                       -                                       -                                                       -                               -                               -                                   -%              %            %                                        %                   %                   %

12 August 20 2021 Yahoo Finance https ca finance yahoo com quote FTCH profile p FTCH
  .                                                                    .                                                                                   (                           ://             .                               .                    .                   /                       /                            /                         ?            =                    )

13 August 20 2021 Yahoo Finance https ca finance yahoo com quote CND profile p CND
  .                                                                    .                                                                                   (                           ://             .                               .                    .                   /                       /                        /                             ?        =                   )

14 August 20 2021 Yahoo Finance https ca finance yahoo com quote KVSB profile p KVSB
  .                                                                    .                                                                                   (                           ://             .                               .                    .                   /                       /                            /                             ?        =                        )

15 August 20 2021 Yahoo Finance https ca finance yahoo com quote HOOD profile p HOOD
  .                                                                    .                                                                                   (                           ://             .                               .                    .                   /                       /                                /                             ?        =                            )

16 August 20 2021 Yahoo Finance https ca finance yahoo com quote MKFG profile p MKFG
  .                                                                    .                                                                                   (                           ://             .                               .                    .                   /                       /                                /                         ?        =                            )

17 Sun Leo Is Tencent Music Entertainment Stock a Buy The Motley Fool The Motley Fool 28 July 2021
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    www fool com investing 2021 07 28 is tencent music entertainment stock a buy
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18 CNBC Transcript ARK Invest Founder Ceo Cathie Wood Speaks with CNBC S TechCheck Today CNBC
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    CNBC 19 Aug 2021 www cnbc com 2021 08 19 cnbc transcript ark invest founder ceo cathie wood speaks
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    with cnbcs techcheck today html
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                                                       marketing@emergecm.ca | 1.833.363.7432 | emergecm.ca                                                                                                                                                                                                                                                                                                                                                                     21
DISCLOSURE:
Past performance does not guarantee future results. Performance may vary and could be
higher or lower than the performance listed. There are risks associated with investing in
ETFs please consult an investment professional to ensure these ETFs are right for you.
Emerge does not provide investment advice or guidance.

  Commissions, management fees, brokerage fees, and expenses may be associated with an
investment in ETFs. Before investing, you should carefully consider the ETF’s investment
objectives, strategies, risks, charges, and expenses. This and other information are in the ETF’s
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read the ETF prospectus carefully before you invest. An investment in an ETF is subject to risks
and you can lose money on your investment. Detailed information regarding the specific risks of
the ETF can be found in the prospectus. There can be no assurance that the ETF will achieve its
investment objective. The ETF’s portfolio is more volatile than broad market averages. Units of
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trading market for the ETF units will develop or be maintained, or that their listing will continue
or remain unchanged. ETFs are not guaranteed. Their values change frequently. Past
performance may not be repeated. The statements contained in this document are based on
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used for illustrative purposes only and do not reflect future values or returns on investment.
Particular investment strategies should be evaluated according to an investor’s investment
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error or omission in the information or for any loss or damage suffered. Certain statements in this
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the Emerge ETF and those statement identified by the expressions “believe”, “will” and similar
expressions to the extent they relate to the Emerge ETF, Emerge or the health care; industrial;
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statements are subject to a number of risks and uncertainties and are based on several
assumptions, both general and specific, which give rise to the possibility that actual results or
events could differ materially from current expectations. Forward-looking statements are not
guarantees of future results.

               marketing@emergecm.ca | 1.833.363.7432 | emergecm.ca                                   22
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